Business, 26.06.2020 15:01, blake2001

Pamela, a 1/3 partner, has an adjusted basis of $100,000 for her partnership interest. If Pamela sells her entire partnership interest to Emma for $135,000 cash, how much capital gain and ordinary income must Pamela recognize from the sale

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Pamela, a 1/3 partner, has an adjusted basis of $100,000 for her partnership interest. If Pamela sel...